Wells Fargo Business Initiatives Consultant 2 (Third Party/Finance Coordinator) in San Francisco, California

At Wells Fargo, we want to satisfy our customers’ financial needs and help them succeed financially. We’re looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you’ll feel valued and inspired to contribute your unique skills and experience.

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Corporate Risk helps all Wells Fargo businesses identify and manage risk. We focus on three key risk areas: credit risk, operational risk and market risk. We help our management and Board of Directors identify and monitor risks that may affect multiple lines of business, and take appropriate action when business activities exceed the risk tolerance of the company.

Wells Fargo Compliance is the company’s compliance second line of defense function, providing company-wide leadership, standards, support, and independent oversight to ensure that all business groups abide by applicable laws, rules, regulations and regulatory guidance (regulatory requirements), meet compliance responsibilities, and manage compliance risks. Wells Fargo Compliance credibly challenges management decisions, business processes and activities, and evaluates and assesses adherence to applicable regulatory requirements. It provides appropriate analysis, reporting, and escalation to senior management and the Board of Directors, sets minimum standards for the company, and gives advice, guidance, and support for compliance risk management activities across the enterprise.

The Compliance Business Initiatives (CBI) team, within Compliance Strategy and Operations, provides administrative and operational support for the Compliance organization. This includes activities such as Finance budgeting, staff management, onboarding/off-boarding, third-party risk management, SharePoint administration, business continuity, records management, space planning, information security, and team communications. The CBI team also supports cross-team initiatives within Wells Fargo Compliance.

Job Description:

The Business Initiatives Consultant 2 (BIC2) position will be responsible for assisting the Compliance third-party manager with planning, managing and coordinating key CBI team initiatives, focusing primarily on third-party risk management (TPRM) for Compliance owned engagements. This includes collaborating with Compliance teams to understand and manage our third-party risk portfolio, ensuring compliance with Wells Fargo’s Third-Party Service Provider Policy, managing the third-party lifecycle, assisting with third-party governance materials, and helping with the quarterly forecasting process for consultants, managed resources, and projects.

The successful candidate is expected to partner effectively with subject matter experts and team members to guide the development of deliverables, and design the proper path to meet the required deliverables. The BIC2 must be able to own and manage end-to-end processes from ideation to implementation, and develop strategies to evaluate the effectiveness of initiatives and processes. This includes partnering with multiple stakeholders to address business needs while satisfying deliverables, requirements, and deadlines associated with the Corporate Risk TPRM office, Supply Chain Management, Risk Ecosystem office, Investment Optimization teams, Project Management office (PMO), and Finance partners. The BIC2 will also help support other CBI team initiatives, in conjunction with CBI team members.

Specific Job Responsibilities:

CBI team members perform in a collaborative team environment. While each team member has specific responsibilities, all CBI team members play a role in the successful performance and execution of initiatives. Specific duties for this position include, but are not limited to:

  • Partnering with Compliance teams to understand business requirements for consultants, managed resources, and projects and incorporating these into the budget forecasting process

  • Managing TPRM lifecycle activities as the Engagement Manager/Delegate and serving as the subject matter expert for third-party requirements and deliverables

  • Engaging Supply Chain Management to initiate new engagements and coordinating with the Risk Ecosystem, Investment Optimization, Project Management Office, and Finance partners on required approvals and financing

  • Managing third-party engagements in the Third Party Risk Information Management system (TRIMS) and ensuring data is accurate, reviewed, and updated on an ongoing basis

  • Completing due diligence for all new third-party engagements to determine the information security, strategic, compliance, operational, financial stability, geo-political, consumer, and business continuity risks associated with third-party vendors

  • Ensuring consultant work does not begin until due diligence is completed and all required approvals are obtained

  • Supporting the TPRM executive governance process by assisting in the preparation of agendas, artifacts, and reporting to the Chief Compliance Officer and his direct reports on third-party risk associated with Compliance’s portfolio, including vendor activity, issues, risks, and recommendations

  • Identifying and monitoring third-party key risk indicators and metrics as needed

  • Monitoring completion dates associated with engagements and subscriptions to ensure contract renewals are processed timely, to ensure continuity

  • Attending meetings hosted by the TPRM office and Relationship managers to understand changes to third-party processes, TRIMS system updates, and third-party vendor risks

  • Managing a central repository of third-party documentation including retention of required governance artifacts, meeting agendas, meeting minutes, and documentation related to due diligence and ongoing monitoring activities

  • Assisting WFC teams with engaging Enterprise Global Services (EGS) for global delivery activities and collaborating with EGS to determine the appropriateness of offshoring business processes or services

  • Working with the CBI Technology coordinator to ensure information security plans for third-parties are submitted

  • Assisting CBI team members with ad-hoc assignments

Location: San Francisco, CA

Please note: Based on the volume of applications received, this job posting may be removed prior to the indicated close date. If you do not apply prior to the closing of this posting, we encourage you to apply for other opportunities with Wells Fargo.

Required Qualifications:

  • 6+ years of experience in one or a combination of the following: project management, implementation, or strategic planning

How to Express Interest in This Job: Wells Fargo invites you to apply for this job at https://employment.wellsfargo.com/psc/PSEA/APPLICANTNW/HRMS/c/HRSHRAMFL.HRSCGSEARCHFL.GBL?Page=HRSAPPJBPST_FL&FOCUS=Applicant&SiteId=1&JobOpeningId=5450800&PostingSeq=1.

All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.

Relevant military experience is considered for veterans and transitioning service men and women.

Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.

Relevant military experience is considered for veterans and transitioning service men and women.

Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.